S&P Now 10% Above 200 Day Moving Average

Here is your daily mean reversion thought of the day:

Keep in mind, overbought can stay overbought.

Copy the Study

I've had a few requests for the code to this study-- this is for thinkorswim. It's nothing groundbreaking but very useful. As this is free, there is no technical support.

Dev from MA Study

declare lower;

input price = close;
input length = 200;

def SMA = Average(price[0], length);

plot DEV =(price/SMA -1 )*100;

DEV.SetDefaultColor(GetColor(1));